Mad Money: Key points from February 21, 2023 (Tuesday) episode

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Tuesday, February 21, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

(1) Jim Cramer says six things must happen before the market sell-off can end (https://www.cnbc.com/2023/02/21/cramer-says-six-things-must-happen-before-the-market-selloff-can-end.html)

• CNBC’s Jim Cramer on Tuesday gave a six-item checklist for what must happen before he will be ready to declare an end to the market sell-off.
• The Dow Jones Industrial Average and the S&P 500 had their worst trading day since December.

(2) Executive Interview: Starbucks CEO Howard Schultz calls new olive oil coffee drinks ‘transformational’ (https://www.cnbc.com/2023/02/21/starbucks-ceo-howard-schultz-touts-new-olive-oil-coffee.html)

• Starbucks interim CEO Howard Schultz said the new olive-oil coffee line will be a “market-maker.”
• The drinks will launch in Italy before arriving in some U.S. markets this spring.
• Schultz is stepping down from his interim CEO role in April and will be replaced by Laxman Narasimhan.

Ticker: SBUX

(3) Executive Interview: Walmart CEO Doug McMillon vows to keep private labels priced low to fight inflation (https://www.cnbc.com/2023/02/21/walmart-ceo-doug-mcmillon-fighting-inflation.html)

• Walmart CEO Doug McMillon said he wants to help lower inflationary prices and won’t participate “in a recession if there is one.”
• The company reported fourth-quarter earnings that beat Wall Street’s expectations.
• Walmart is entering its new fiscal year with caution, acknowledging the continued squeeze on consumer demand.

Ticker: WMT

(4) Executive Interview: Palo Alto CEO Nikesh Arora on the data defender’s big beat (https://www.cnbc.com/video/2023/02/21/palo-alto-ceo-nikesh-arora-on-the-data-defenders-big-beat.html)

Palo Alto Networks CEO Nikesh Arora joins Mad Money’s Jim Cramer to discuss the cybersecurity company’s big beat.

Ticker: PANW

(5) Cramer’s lightning round: Pfizer is a buy in a market slowdown (https://www.cnbc.com/2023/02/21/cramers-lightning-round-pfizer-is-a-buy-in-a-market-slowdown.html)

• Impinj Inc.: “It is a great company. Problem is it’s not a great stock…You’ve got to wait for it to come down before you buy any Impinj.”
• AST Spacemobile Inc.: “They’re not making any money.”
• Petco: “It is at $10, which tells me, believe it or not, something’s wrong. I say don’t buy Petco.”
• ZoomInfo Technologies Inc.: “Let’s zoom out…I don’t need another marketer.”
• Pfizer Inc.: “If there is going to be a slow down, I want to buy Pfizer.”

Ticker: PI, ASTS, WOOF, ZI, PFE

(6) [No Video Clip] Cramer on why diversification never goes out of style (https://www.cnbc.com/video/2023/02/21/cramer-on-why-diversification-never-goes-out-of-style.html)

Mad Money host Jim Cramer on why diversification is so important in a volatile market.

Other Stocks Discussed (calls with audience): YETI Holdings (YETI)

Ref: Links to other sites that relate to episode of February 21, 2023

• Google Podcast (Sound）
• Internet Archive（Video & Texts per minute）

Disclaimer

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